This weekend saw the seven-year anniversary of the Bank of England setting the Bank Rate at its record low of 0.5%.

The rate has remained at this level for the past 84 months.

Nick Dixon, investment director at Aegon UK, said: “The Bank of England’s marriage with 0.5% rates appears strong with no sign of hitting the 7-year itch.  Despite being dubbed an unreliable boyfriend in the past for blowing hot and cold on interest rates, the BoE has stayed consistent.

“As households toast another 0.5% anniversary, fears are emerging around potential Brexit, falling oil prices, and choppy stock markets impacting investment decisions of businesses and consumers alike.  If such conditions persist, we could see record-low rates pass the eight-year milestone in March 2017.”